Nigeria’s inflation rate increased to 33.2% for the month of March 2024 according to the latest data from the National Bureau of Statistics (NBS).
This represents 1.5% points increase from the 31.7% recorded in February 2024.
The NBS data shows that on a year-on-year basis, the headline inflation rate was 11.16% points higher compared to the rate recorded in March 2023, which was 22.04%. This shows that the headline inflation rate (year-on-year basis) increased in the month of March 2024 when compared to the same month in the preceding year (i.e., March 2023).
Furthermore, on a month-on-month basis, the headline inflation rate in March 2024 was 3.02%, which was 0.10% lower than the rate recorded in February 2024 (3.12%). This means that in the month of March 2024, the rate of increase in the average price level is less than the rate of increase in the average price level in February 2024.
Details shortly….
American rapper and adult content creator, Rubi Rose, has shared her opinion about cheating men.…
Nigerian skit maker, Chukwuemeka Emmanuel Ejekiru, better known as Sabinus, and his wife, Ciana Chapman, have…
Israeli Prime Minister Benjamin Netanyahu said Wednesday that while he's confident he can iron out mounting discord…
Super Eagles goalkeeper, Stanley Nwabali has said he is not bothered about leaving the South African…
The details of the meeting between President Bola Tinubu and his Senegalese counterpart, Bassirou Faye…
What is the Dollar to Naira Exchange rate at the black market also known as…